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Petroteq Energy

TSXV:PQE
Snowflake Description

Mediocre balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PQE
TSXV
CA$31M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Petroteq Energy Inc. engages in the oil extraction and processing operations. The last earnings update was 81 days ago. More info.


Add to Portfolio Compare Print
  • Petroteq Energy has significant price volatility in the past 3 months.
PQE Share Price and Events
7 Day Returns
-16.7%
TSXV:PQE
-2.4%
CA Oil and Gas
-0.4%
CA Market
1 Year Returns
-82.3%
TSXV:PQE
-17%
CA Oil and Gas
-2.8%
CA Market
PQE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Petroteq Energy (PQE) -16.7% -25% -42.3% -82.3% -94.6% -99.3%
CA Oil and Gas -2.4% 0% -8.7% -17% -15.5% -39.6%
CA Market -0.4% 0.3% -2.4% -2.8% 7.7% 0.1%
1 Year Return vs Industry and Market
  • PQE underperformed the Oil and Gas industry which returned -17% over the past year.
  • PQE underperformed the Market in Canada which returned -2.8% over the past year.
Price Volatility
PQE
Industry
5yr Volatility vs Market

Value

 Is Petroteq Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Petroteq Energy. This is due to cash flow or dividend data being unavailable. The share price is CA$0.225.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Petroteq Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Petroteq Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:PQE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in USD $-0.23
TSXV:PQE Share Price ** TSXV (2019-07-18) in CAD CA$0.23
TSXV:PQE Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.764 $0.17
Canada Oil and Gas Industry PE Ratio Median Figure of 59 Publicly-Listed Oil and Gas Companies 13.1x
Canada Market PE Ratio Median Figure of 538 Publicly-Listed Companies 15.04x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Petroteq Energy.

TSXV:PQE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:PQE Share Price ÷ EPS (both in USD)

= 0.17 ÷ -0.23

-0.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Petroteq Energy is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Petroteq Energy is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Petroteq Energy's expected growth come at a high price?
Raw Data
TSXV:PQE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 35 Publicly-Listed Oil and Gas Companies 0.67x
Canada Market PEG Ratio Median Figure of 247 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Petroteq Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Petroteq Energy's assets?
Raw Data
TSXV:PQE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in USD $0.36
TSXV:PQE Share Price * TSXV (2019-07-18) in CAD CA$0.23
TSXV:PQE Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.764 $0.17
Canada Oil and Gas Industry PB Ratio Median Figure of 223 Publicly-Listed Oil and Gas Companies 0.77x
Canada Market PB Ratio Median Figure of 2,441 Publicly-Listed Companies 1.44x
TSXV:PQE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:PQE Share Price ÷ Book Value per Share (both in USD)

= 0.17 ÷ 0.36

0.48x

* Primary Listing of Petroteq Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Petroteq Energy is good value based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Petroteq Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Petroteq Energy has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Petroteq Energy expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
144.2%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Petroteq Energy expected to grow at an attractive rate?
  • Unable to compare Petroteq Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Petroteq Energy's earnings growth to the Canada market average as no estimate data is available.
  • Petroteq Energy's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSXV:PQE Future Growth Rates Data Sources
Data Point Source Value (per year)
TSXV:PQE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 144.2%
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.2%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:PQE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:PQE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-08-31 15 1
2019-08-31 6 1
TSXV:PQE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-02-28 0 -10 -19
2018-11-30 0 -10 -18
2018-08-31 0 -8 -15
2018-05-31 0 -5 -12
2018-02-28 0 -4 -12
2017-11-30 0 -3 -11
2017-08-31 0 -2 -8
2017-05-31 0 -1 -7
2017-02-28 0 -1 -5
2016-11-30 0 -2 -8
2016-08-31 0 -3 -12
2016-05-31 0 -3 -11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Petroteq Energy is high growth as no earnings estimate data is available.
  • Petroteq Energy's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:PQE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Petroteq Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:PQE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-08-31
2019-08-31
TSXV:PQE Past Financials Data
Date (Data in USD Millions) EPS *
2019-02-28 -0.23
2018-11-30 -0.25
2018-08-31 -0.24
2018-05-31 -0.23
2018-02-28 -0.33
2017-11-30 -0.45
2017-08-31 -0.66
2017-05-31 -1.04
2017-02-28 -0.94
2016-11-30 -1.99
2016-08-31 -4.26
2016-05-31 -4.71

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Petroteq Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Petroteq Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Petroteq Energy has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Petroteq Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Petroteq Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Petroteq Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Petroteq Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Petroteq Energy's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Petroteq Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Petroteq Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:PQE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 -0.25 -18.69 13.72 0.23
2018-11-30 -0.27 -17.74 12.45 0.23
2018-08-31 -0.27 -15.11 11.12 0.12
2018-05-31 -0.43 -11.66 7.50
2018-02-28 -0.43 -12.10 4.95
2017-11-30 -0.43 -10.86 4.37
2017-08-31 -0.43 -7.94 1.81
2017-05-31 0.00 -6.57 2.57
2017-02-28 0.00 -4.68 3.10
2016-11-30 0.05 -7.97 3.57
2016-08-31 0.20 -12.07 3.96
2016-05-31 0.20 -11.16 3.84
2016-02-29 0.20 -10.16 3.60
2015-11-30 0.15 -7.04 3.06
2015-08-31 -3.28 3.02
2015-05-31 -4.45 3.45
2015-02-28 -4.97 3.38
2014-11-30 -5.13 3.61
2014-08-31 -5.21 3.91
2014-05-31 123.44 -5.36 5.58
2014-02-28 252.80 -5.69 6.77
2013-11-30 319.75 -6.61 7.47
2013-08-31 431.93 -11.13 11.90
2013-05-31 414.45 -13.87 15.43
2013-02-28 380.96 -12.45 15.70
2012-11-30 394.74 -10.69 15.57
2012-08-31 363.33 -6.08 12.16

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Petroteq Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Petroteq Energy has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Petroteq Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Petroteq Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Petroteq Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Petroteq Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Petroteq Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Petroteq Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Petroteq Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Petroteq Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Petroteq Energy Company Filings, last reported 4 months ago.

TSXV:PQE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 37.94 6.60 0.72
2018-11-30 33.94 5.09 0.27
2018-08-31 32.93 2.13 2.64
2018-05-31 24.02 4.43 0.25
2018-02-28 20.75 6.29 0.09
2017-11-30 21.27 4.45 0.44
2017-08-31 22.02 2.80 0.06
2017-05-31 20.12 5.25 0.07
2017-02-28 9.94 15.17 0.14
2016-11-30 11.73 14.22 0.03
2016-08-31 9.50 17.08 0.01
2016-05-31 7.74 17.25 0.01
2016-02-29 6.12 19.41 0.01
2015-11-30 5.31 21.15 0.09
2015-08-31 6.08 21.25 0.86
2015-05-31 6.56 8.63 0.03
2015-02-28 0.06 16.39 0.55
2014-11-30 -2.22 11.27 0.13
2014-08-31 -4.10 13.47 0.94
2014-05-31 0.60 12.64 0.92
2014-02-28 -0.14 13.13 0.06
2013-11-30 0.45 11.88 0.38
2013-08-31 1.25 9.05 1.76
2013-05-31 2.72 3.89 0.95
2013-02-28 0.54 6.73 0.99
2012-11-30 0.92 6.28 0.61
2012-08-31 0.89 6.60 2.64
  • Petroteq Energy's level of debt (17.4%) compared to net worth is satisfactory (less than 40%).
  • Petroteq Energy had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Petroteq Energy has less than a year of cash runway based on current free cash flow.
  • Petroteq Energy has less than a year of cash runway if free cash flow continues to grow at historical rates of 73.2% each year.
X
Financial health checks
We assess Petroteq Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Petroteq Energy has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Petroteq Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Petroteq Energy dividends.
If you bought CA$2,000 of Petroteq Energy shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Petroteq Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Petroteq Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:PQE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 4.7%
Canada Market Average Dividend Yield Market Cap Weighted Average of 336 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSXV:PQE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-08-31
2019-08-31
TSXV:PQE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2013-12-03 0.000 0.000
2013-08-01 0.000 0.000
2013-01-29 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Petroteq Energy has not reported any payouts.
  • Unable to verify if Petroteq Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Petroteq Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Petroteq Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Petroteq Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Petroteq Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Petroteq Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Petroteq Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alex Blyumkin
COMPENSATION $258,000
AGE 47
TENURE AS CEO 2 years
CEO Bio

Mr. Aleksandr Blyumkin, also known as Alex, is Co-Founder of Petroteq Energy Inc. (also known as MCW Energy Group Limited) and has been its Executive Chairman since October 15, 2012. He served as the Chief Executive Officer at MCW Energy Group Ltd., since July 2017 until March, 2018. Based at MCW's offices in Century City, California, Mr. Blyumkin is involved in acquiring additional oil sands leases in Utah for resource portfolio, with a keen interest in lease development with long term revenue stream potential. He plays an instrumental role in deploying MCW's proprietary oil sands technology for licensing and joint venture opportunities, as well as devising an operational plan for MCW’s oil production. He acts as a liaison between MCW's operational personnel, its geologic team and its environmental consultants through the various permit stages prior to coming on-stream with the Company’s growing Utah oil production in the years to come. He is the Founder of Bipa, a company engaged in trading commodities, precious metals and other natural resources. After many years of technology research, he discovered the origins of what is MCW’s groundbreaking extraction technology. He was the key figure in providing significant funding to further develop MCW’s extraction technology. he has a wide range of experience in the energy industry. He organized a new company called Exodus which introduced the first credit card in the Ukraine. He developed the largest Exhibition Center in the Ukraine to promote international trade. He served as Executive Chairman of AXEA Capital Corp. He served as a Director of Strategic Partners, Inc. until March 9, 2009. After achieving significant success in downstream operations on several energy projects in Azerbaijan, Ukraine and the U.S., he recognized a worldwide need for a safe, environmentally-friendly oil sands extraction technology. He graduated from high school in Odessa, Ukraine in 1987 specializing in English and other foreign languages. He attended Medical College No. 1 and graduated in 1989 with a degree in Dentistry. He graduated in 1992 from Yshinsky University with a teaching certificate in Psychology.

CEO Compensation
  • Alex's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Alex's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Petroteq Energy management team in years:

2
Average Tenure
53
Average Age
  • The tenure for the Petroteq Energy management team is about average.
Management Team

Alex Blyumkin

TITLE
Co-Founder & Executive Chairman
COMPENSATION
$258K
AGE
47
TENURE
2 yrs

David Sealock

TITLE
CEO & Director
COMPENSATION
$295K
AGE
59
TENURE
1.3 yrs

Jerry Bailey

TITLE
President & Director
COMPENSATION
$1M
AGE
78
TENURE
1.7 yrs

Mark Korb

TITLE
Chief Financial Officer
COMPENSATION
$90K
AGE
51
TENURE
5.1 yrs

Vladimir Podlipsky

TITLE
Chief Technology Officer
COMPENSATION
$268K
AGE
55
TENURE
6.8 yrs

Paul Davey

TITLE
Director of Communications

Donald Clark

TITLE
Chief Geologist

Robbie Grossman

TITLE
Corporate Secretary
AGE
45

Joe Abrams

TITLE
Financial Advisor & Member of Board of Advisors
Board of Directors Tenure

Average tenure and age of the Petroteq Energy board of directors in years:

4.3
Average Tenure
62
Average Age
  • The tenure for the Petroteq Energy board of directors is about average.
Board of Directors

Alex Blyumkin

TITLE
Co-Founder & Executive Chairman
COMPENSATION
$258K
AGE
47
TENURE
6.8 yrs

David Sealock

TITLE
CEO & Director
COMPENSATION
$295K
AGE
59
TENURE
1.5 yrs

Jerry Bailey

TITLE
President & Director
COMPENSATION
$1M
AGE
78
TENURE
6.8 yrs

Travis Schneider

TITLE
Independent Director
COMPENSATION
$1M
AGE
45
TENURE
7.6 yrs

Jonathan Gardner

TITLE
Member of Advisory Board

Joe Abrams

TITLE
Financial Advisor & Member of Board of Advisors

Robert Dennewald

TITLE
Independent Director
COMPENSATION
$1M
AGE
66
TENURE
4.3 yrs

Frank Ingriselli

TITLE
Member of Advisory Board
AGE
65
TENURE
1.2 yrs

Keith Lapeze

TITLE
Member of Advisory Board
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Petroteq Energy individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
08. Jul 19 Buy Palmira Associates Inc Company 05. Jul 19 05. Jul 19 210,526 CA$0.25 CA$52,448
21. Jun 19 Buy Palmira Associates Inc Company 18. Jun 19 18. Jun 19 363,073 CA$0.36 CA$131,273
24. May 19 Buy Aleksandr Blyumkin Individual 22. May 19 22. May 19 308,333 CA$0.32 CA$99,289
25. Mar 19 Buy Aleksandr Blyumkin Individual 20. Mar 19 20. Mar 19 2,222,222 CA$0.60 CA$1,333,070
08. Mar 19 Buy Robert Dennewald Individual 05. Mar 19 05. Mar 19 154,972 CA$0.53 CA$82,723
08. Mar 19 Buy Travis Schneider Individual 05. Mar 19 05. Mar 19 47,102 CA$0.53 CA$25,143
08. Mar 19 Buy David Sealock Individual 05. Mar 19 05. Mar 19 7,767 CA$0.53 CA$4,146
08. Mar 19 Buy Raymond Bailey Individual 05. Mar 19 05. Mar 19 154,972 CA$0.53 CA$82,723
08. Mar 19 Buy Aleksandr Blyumkin Individual 05. Mar 19 05. Mar 19 154,972 CA$0.53 CA$82,723
01. Mar 19 Buy David Sealock Individual 27. Feb 19 27. Feb 19 62,500 CA$0.53 CA$32,876
19. Nov 18 Buy Robert Dennewald Individual 08. Nov 18 08. Nov 18 28,880 CA$1.06 CA$30,682
10. Sep 18 Buy Aleksandr Blyumkin Individual 04. Sep 18 04. Sep 18 336,871 CA$0.98 CA$328,886
X
Management checks
We assess Petroteq Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Petroteq Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Petroteq Energy Inc's (CVE:PQE) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as Petroteq Energy Inc (CVE:PQE) with its market cap of CA$123.6m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

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Are Petroteq Energy Inc's (CVE:PQE) Interest Costs Too High?

PQE's debt levels have fallen from US$17.08M to US$2.80M over the last 12 months – this includes both the current and long-term debt. … With this reduction in debt, the current cash and short-term investment levels stands at US$55.42K , ready to deploy into the business. … Investors' risk associated with debt is very low with PQE, and the company has plenty of headroom and ability to raise debt should it need to in the future.Next Steps: Although PQE’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

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Who Are The Largest Shareholders In Petroteq Energy Inc (CVE:PQE)?

Today, I will be analyzing Petroteq Energy Inc’s (TSXV:PQE) recent ownership structure, an important but not-so-popular subject among individual investors. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Potential investors in PQE should also look at another important group of investors: private companies, with a stake of 0.95%, who are primarily invested because of strategic and capital gain interests.

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Petroteq Energy Inc (CVE:PQE): What Does It Mean For Your Portfolio?

View our latest analysis for Petroteq Energy An interpretation of PQE's beta Petroteq Energy's beta of 0.09 indicates that the stock value will be less variable compared to the whole stock market. … PQE's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … How PQE's assets could affect its beta During times of economic downturn, low demand may cause companies to readjust production of their goods and services.

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Petroteq Energy Inc's (CVE:PQE) Earnings Declined -36.23%, But How Did It Fare Against The Industry?

In this commentary, I will examine Petroteq Energy Inc's (TSXV:PQE) latest earnings update (30 November 2017) and compare these figures against its performance over the past couple of years, as well as how the rest of the oil and gas industry performed. … I look at data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … For Petroteq Energy, its latest trailing-twelve-month earnings is -US$10.86M, which compared to the prior year's level, has become more negative.

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What You Must Know About Petroteq Energy Inc's (CVE:PQE) Financial Strength

With this debt repayment, PQE's cash and short-term investments stands at $0.1M , ready to deploy into the business. … With a debt-to-equity ratio of 12.74%, PQE's debt level may be seen as prudent. … Investors' risk associated with debt is very low with PQE, and the company has plenty of headroom and ability to raise debt should it need to in the future.Next Steps: Although PQE’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

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Who Are The Major Shareholders In Petroteq Energy Inc (CVE:PQE)?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, investors not need worry too much about the consequences of these holdings.What this means for you: Institutional ownership in PQE is not at a level that would concern investors.

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Should You Worry About Petroteq Energy Inc's (CVE:PQE) CEO Pay?

See our latest analysis for Petroteq Energy What has PQE's performance been like? … In this exercise, I will use profits as a proxy for Blyumkin's performance. … Typically I would look at market cap and earnings as a proxy for performance, however, PQE's negative earnings lower the effectiveness of this method.

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How Does Petroteq Energy Inc (CVE:PQE) Compare To The Oil & Gas Sector?

However, recently the sector saw a reversal in the downturn, and in the past year, the industry turnaround delivered growth in the teens, though still underperforming the wider Canadian stock market. … TSXV:PQE PE PEG Gauge Dec 13th 17 Oil and gas companies are typically trading at a PE of 15x, in-line with the Canadian stock market PE of 17x. … However, if you’re relatively concentrated in oil and gas, you may want to value PQE based on its cash flows to determine if it is overpriced based on its current growth outlook.

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Does Petroteq Energy Inc's (TSXV:PQE) 77.8% EPS Growth Reflect The Long-Term Trend?

View our latest analysis for Petroteq Energy Were PQE's earnings stronger than its past performances and the industry? … Petroteq Energy's latest twelve-month earnings -$6.6M, which, against the previous year's level, has become less negative. … Though Petroteq Energy's past data is helpful, it is only one aspect of my investment thesis.

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Company Info

Description

Petroteq Energy Inc. engages in the oil extraction and processing operations. The company is involved in the tar sands mining and oil processing activities using a closed-loop solvent based extraction system that recovers bitumen from surface mining. It holds a 100% working interest in 2,541.73 acre oil sands leases covering oil sands in the Asphalt Ridge area in Utah. Petroteq Energy Inc. also designs and develops a blockchain-power supply chain management platform for the oil and gas industry. The company was formerly known as MCW Energy Group Limited and changed its name to Petroteq Energy Inc. in May 2017. Petroteq Energy Inc. is based in Sherman Oaks, California.

Details
Name: Petroteq Energy Inc.
PQE
Exchange: TSXV
Founded:
CA$31,167,787
138,523,499
Website: http://www.petroteq.energy
Address: Petroteq Energy Inc.
15165 Ventura Boulevard,
Suite 200,
Sherman Oaks,
California, 91403,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV PQE New Common Stock TSX Venture Exchange CA CAD 23. Oct 2012
OTCPK PQEF.F New Common Stock Pink Sheets LLC US USD 23. Oct 2012
DB PQCF New Common Stock Deutsche Boerse AG DE EUR 23. Oct 2012
DB A2DYWC COM NPV Deutsche Boerse AG DE EUR 19. Jul 2019
Number of employees
Current staff
Staff numbers
0
Petroteq Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 00:55
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/06/12
Last earnings filing: 2019/04/29
Last earnings reported: 2019/02/28
Last annual earnings reported: 2018/08/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.